The United Arab Emirates (UAE) is a country located in the Middle East that is known for its luxurious shopping, stunning architecture, and beautiful beaches. It has become a popular tourist destination over the past few decades, and as a result, the UAE has seen a significant increase in revenue from tourism.
How Much Money Does UAE Make From Tourism?
According to the latest statistics published by the World Travel and Tourism Council (WTTC), the direct contribution of travel and tourism to the UAE’s GDP was AED 68.5 billion ($18.6 billion) in 2019. This represents 5.2% of the country’s total GDP.
Moreover, tourism supports a significant number of jobs in the UAE. In 2019, travel and tourism directly supported 611,500 jobs, which is equivalent to 5.4% of total employment in the country.
The Growth of Tourism Industry in UAE
The growth of tourism in the UAE has been impressive over the past few decades. In 1985, there were just over one million visitors to the country; by 2019, this number had increased to nearly 21 million visitors.
According to WTTC, international tourist arrivals are projected to reach almost 30 million by 2023, which will further boost the contribution of tourism to the country’s economy.
The Main Tourist Attractions
The UAE has several popular tourist attractions that draw visitors from all over the world. Some of these include:
- Burj Khalifa: The tallest building in the world.
- Palm Jumeirah: An artificial island that is shaped like a palm tree.
- Dubai Mall: One of the largest shopping malls in the world.
- Burj Al Arab: A luxurious hotel that is shaped like a sail.
- Sheikh Zayed Grand Mosque: A stunning mosque located in Abu Dhabi.
The Impact of COVID-19 on UAE’s Tourism Industry
The COVID-19 pandemic has had a significant impact on the travel and tourism industry worldwide, including in the UAE. In 2020, the country saw a 74% decrease in international arrivals compared to 2019, due to travel restrictions and lockdowns.
However, the UAE government has taken several steps to support the tourism industry during these difficult times. For example, they have introduced stimulus packages and initiatives such as “Dubai Assured” that ensure visitors’ safety by implementing strict health and safety measures.
Conclusion
In conclusion, tourism is a vital contributor to the UAE’s economy. With its world-renowned attractions and luxurious experiences, it is no surprise that millions of visitors flock to this country every year. While the COVID-19 pandemic has affected the industry significantly, the UAE government’s efforts are expected to help it bounce back soon.